The CHICAGO BANKER
A Weekly Paper Devoted to the Banking and Financial Interests of the Middle West
10 CENTS A COPY
Entered as Second-Class Matter January 15, 1903, at the Post Office at Chicago, Illinois, under Act of March 3, 1879
DECEMBER 11, 1909
Chicago is a city of handsome banking rooms, and in the deft uses of bronze, marble and mosaic, strictly is in the first class. A call at the expanded quarters of the National Bank of the Republic will show a customers’ room so long and wide that veritably it is a miniature financial boulevard. Bankers from out of the city tell that it is a pleasant place to call, and that cordial reception to visitors is a part of the bank’s creed
best on the coast, and that its management is ideal.
There is unusual interest manifested in this convention. Arrangements are now being made for special trains which is an indication that the coming convention, though so far in the future, will be unusually successful in attendance as well as in every other particular.
T>׳*
International Clearings
Washington, December 7.—A system of international clearings between postal savings and other banks in this country and those abroad was urged upon President Taft by Louis Schwarz, publisher of the Finanz-Und-Handelsrevue, of Vienna and Berlin.
Mr. Schwarz djeclared the system to be already in successful operation among the postal savings banks of Austria, Germany, England, France, Italy and Switzerland.
The First National of Riverside is to erect a five-story steel and pressed brick building on the site of its present quarters, Eighth and Main streets.
Committee—W. H. Holliday, president of the Los Angeles Clearing House, chairman ; J. E. Fishburn, Stoddard Jess, W. W. Woods, J. F. Sartori, M. P. Snyder, W. E. McVey, Willis H. Booth, James B. Gist, J. A. Graves. Hotel Committee—J. E. Fishburn, chairman ; T. E. Newlin, Stoddard Jess, James B. Gist, M. S. Heilman, Robert Wankowski, Harry W. Weidner, W. W. Jones, C. G. Greene, H. S. McKee, secretary.
The Pacific coast bankers are noted for their hospitality, and this is particularly true of Los Angeles. The general secretary, Fred E. Farnsworth, visited Los Angeles in July last during the annual meeting of the Elks. At that time there were 38,000 registered, and they were all well taken care of. The general secretary visited the hotels and the theatre which will probably be used for convention purposes, and reports that there is no better convention hall in the United States than the one at Los Angeles and that there are ample first-class hotel accommodations. He also states that the Hotel Alexandria, which has been selected as headquarters, ranks with the
A. B. A. Con vention at Los Angeles
At the last convention of the association, held at Chicago, invitations were presented from various cities to entertain the next annual convention, and the invitation of the Los Angeles bankers was accepted. The last convention held on the Pacific coast was at San Francisco in 1903 ; a convention never having been held at Los Angeles.
Certain details in connection with the event were referred to the executive officers with power to act, and the Hotel Alexandria has been selected as headquarters. The dates for the convention have not yet been decided upon, but it seems quite probable that some time during the month of October will be the time selected. This decision will be reached by the executive officers in consultation with the bankers of Los Angeles.
The Los Angeles Clearing House has appointed the follo־wing committees : Executive